China Exports Strengthen on U.S. Demand

Export Growth Below Some Economists' Expectations

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Related: China’s Exports May Have (Gently) Turned a Corner - China Real Time Report - WSJ the uptick in exports represents a rebound from the first quarter’s 3% contraction. That suggests that, while the export cycle may not be recovering to its post-crisis pace, it is at least perhaps no longer slowing down. Two of Asia’s electronics exporting powerhouses, South Korea and Taiwan, have reported a similar trend. South Korea’s exports grew 3% in the second quarter, up from 2% in the first three months of the year. Taiwan’s also expanded 3%, up from just 1% in the first quarter.

Related: China’s Copper Imports Fall as Financing Deals Unwind - Bloomberg China’s copper imports dropped to the lowest since April last year as demand for the metal as collateral to obtain credit eased amid a probe at Qingdao Port. Inbound shipments of unwrought copper and copper products fell to 350,000 tons in June, a 7.9 percent decline from the previous month, according to data released by customs today.